Kushner Cos. makes biggest investment since 666 Fifth Avenue

The company has acquired around 6,000 apartments in Maryland and Virginia

(NEW YORK, NY) Jared Kushner’s company, Kushner Cos., has made its largest purchase since acquiring 666 Fifth Avenue for $1.8 billion more than a decade ago.

The company bought 6,000 rental apartments in Maryland and Virginia for around $1.5 billion from the private equity firm Lone Star Funds. According to a spokesperson, the deal is non-refundable.

According to reports, the firm is straying away from New York City and reverting back to the multi-family complexes that helped build the family fortune.

The purchase comes less than a year after Brookfield Asset Management bailed the company out of its record-breaking investment in 666 Fifth Avenue.

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